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5N Plus Inc. Files Preliminary Prospectus for Initial Public Offering

/This release is intended for distribution in Canada only and is not
intended for distribution to United States newswire services or for
dissemination in the United States/
MONTREAL, Nov. 16 /CNW Telbec/ - 5N Plus Inc. today announced that it has
filed a preliminary prospectus in each of the provinces of Canada in
connection with an initial public offering of common shares. The offering
consists of treasury shares which will be issued by 5N Plus and a secondary
offering by II-VI Incorporated of Saxonburg, Pennsylvania, a minority
shareholder, which is selling approximately 18% of its shares of 5N Plus.
The net proceeds from the offering of treasury shares will be used by
5N Plus primarily to fund the construction of its new 40,000 square-foot
manufacturing facility in Eisenhuttenstadt, Germany, intended to increase the
Company's annual cadmium telluride production capacity, and to fund various
capital expenditures at its Montreal facility. The balance of the net proceeds
from the treasury offering will be used by 5N Plus for general corporate
purposes and working capital. The Company will not receive any proceeds from
the secondary offering by II-VI.
The offering will be effected though a syndicate of underwriters led by
National Bank Financial Inc. and including GMP Securities L.P., Blackmont
Capital Inc., MGI Securities Inc. and Laurentian Bank Securities Inc.
The common shares have not been registered under the United States
Securities Act of 1933, as amended, and subject to certain exceptions, may not
be offered or sold within the United States.
About 5N Plus Inc.
5N Plus draws its name from the purity of its products, 99.999% (five
nines or 5N) and more. 5N Plus, which has its head office in Montreal, Québec,
develops and produces high-purity metals and compounds for electronic
applications and provides its customers with recycling solutions. The Company
is an integrated producer with both primary and secondary refining
capabilities. 5N Plus focuses on specialty metals such as tellurium, cadmium
and selenium and on related compounds such as cadmium telluride and cadmium
sulphide. The Company's products are critical precursors in a number of
electronic applications, including the rapidly-expanding solar (thin-film
photovoltaics) market, for which 5N Plus is a major supplier of cadmium
telluride, and the radiation detector market.
Additional information about 5N Plus is available on its Web site at
www.5nplus.com.
A copy of the preliminary prospectus will be available on SEDAR
(www.sedar.com) on November 19, 2007.